Essay
Calculate the following amounts:
a.The first year of depreciation on a residential rental building costing $100,000, purchased on November 30.
b.The first year of depreciation on an auto used 100 percent in business, costing $30,000, purchased in May 2015.(No bonus depreciation deducted).
c.The second year of depreciation on a computer used exclusively for business, costing $7,000, purchased May 2014.
d.The third year of depreciation on business furniture costing $1,000, purchased in July 2013, using the half-year convention and accelerated depreciation.
Correct Answer:

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a. $455 = 0.455% × $100,000
b....View Answer
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Correct Answer:
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b....
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